Charts: looking forward, page-21

A lot of chart talk but no value basis from my quick look at this stock. Have recently become holder of a graphite junior with $11M market cap that may be producing, albeit small volume but high profit, vein graphite when TON are finishing their JORC and scoping studies - mid 2015.

How did a company get a market cap of over $300M without a decent JORC, bankable feasibility study, finance sorted or pre-sales?

Even at $100M TON doesn't look undervalued compared to developers likely to start production in 2015, e.g. PEN mkt cap $89M, AVB mkt cap $174M, having just received mining approval with finance the next announcement followed by construction start and sure there are many others.

As for SYR, am just staggered with their mkt cap. Am not a shorter, nor trader, just a LT punter who looks for value.

Maybe I'm not across some detail, especially the annual profit achievable WHEN they get everything going, and willing to be corrected on any of this.